The Dow and S&P 500 notched new highs on Friday as big US banks got earnings season underway and investors weighed the likely impact of a hot inflation print and unchanged wholesale inflation on Federal Reserve policy. The Dow Jones Industrial Average rose nearly 1% as JPMorgan Chase quarterly results kicked of the earnings season on the right foot. The S&P 500 gained 0.6%, and the tech-heavy Nasdaq Composite increased almost 0.4%.
All three gauges finished the first full trading week of October with weekly wins of more than 1%. Investors combed through quarterly results from big Wall Street banks — the traditional starting gun for earnings season. In focus is the potential impact of the Fed's pivot to rate cuts on lending margins and, thus, on profits.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
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